Find the simple interest on Rs 72000 at 12% per annum for 4 years
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Answer:
S.I. (P *R*T)/100
S.I. = (72000 * 4 * 612) /100
S.I. = 176256000/100
S.I. = 1762560
Therefore amount = S. I. + PRINCIPAL
AMOUNT = 1762560 + 72000
AMOUNT = 1,834,560
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